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BANK COMPUTERISATION
What is the primary objective of bank computerisation in India?
The primary objective is to improve operational efficiency, reduce transaction time, minimise errors, and provide better customer service through automation of banking processes.
What is the full form of IDBRT established to support bank computerisation?
Institute for Development and Research in Banking Technology
Which committee first recommended computerisation of Indian banks?
The Rangarajan Committee (1983 and 1989) was the first to recommend computerisation of Indian banks, paving the way for technology adoption in the banking sector.
Which year did RBI mandate all public sector banks to implement Core Banking Solution?
CBS implementation was mandated progressively from 2004 onwards
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